Home Mortgage Guide

Rising Interest Rates – In a debt burdened economy like that of the United States, interest rates are the lifeblood. In a previous article, I suggested selling call options on TLT (long treasury ETF) under the theory that interest rates probably could not go much lower and it has turned out to be a great trade.  Now the 30 year government bond is hitting the 4.6% level, only …
Read Rest of Yield Curve and Interest Rates – 9 posts

Regulators to disclose salaries of up to $6M for top execs at Fannie Mae, Freddie Mac  By: ALAN ZIBEL -  Federal regulators plan to disclose Thursday that the top executives of government-controlled mortgage finance companies Fannie Mae and Freddie Mac each earned between $4 million and $6 million this year, two people briefed on the matter said.  The people, who declined to be identified because the announcement was not yet public, said Wednesday that the …
Read Rest of Fed, Treasury, Government Related: GSE Pay, Half Trillion, China, Fed Term Deposits

  LINK TO PARTS 1-3

Questions Surround Fannie, Freddie – By NICK TIMIRAOS – … Mahesh Swaminathan, senior mortgage analyst at Credit Suisse, said the firms could use their increased capacity to purchase delinquent loans from pools of mortgage-backed securities that they guarantee. … Others said the new flexibility means that Fannie and Freddie could replace the Fed as a big buyer of mortgage-backed securities, especially if weak demand for mortgage-backed securities from private investors drives …
Read Rest of GSE Bailout – Part 4: includes Paul Krugman, Peter Wallison, Linda Lowell

I realize this isn’t the end of the decade, but so many papers have articles like these, I decided to run with it. Tomorrow we’ll have a predictions thread, and this is a Thursday desk clearing post. “This was the year, finally, that promised relief, opening with foreclosure moratoriums and a highly touted Obama administration initiative to keep millions of desperate borrowers in their homes. But 2009 ends with the same old troubles. Woodland, Calif., borrower Jennifer Quigley made six months of trial modification payments to Wells Fargo, only to get a permanent modification offer that raised payments …
Read Rest of One Word For The Decade

Several taxes and fees are typically assessed at the time a real estate transaction is finalized, or closed. These expenses are called “closing costs.” Based on the city, county and state where the property is located, these costs vary widely. Although, as the seller, you can expect to pay less in closing costs than the buyer, you may still pay thousands of dollars. It’s important to understand seller closing costs so you can estimate how much will be deducted from the proceeds when your sale closes.
Here are some of the costs sellers are usually expected to cover:
1. …
Read Rest of Seller Closing Costs - Estimated Expenses Deducted from Proceeds When Selling Your Home

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Read Rest of Bits Bucket For December 31, 2009

 
 
This is Part 3.  Here is  Part 2   and  Part 1 

<<< CLICK TO VIEW VIDEO
Jim Rogers- World Wide Depression – CNBC interview with Maria Bartomoro – he is short term long the dollar – Youtube ———–

Wall Street’s 10 Greatest Lies of 2009 – By Nomi Prins – AlterNet 
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15 Huge Ideas That Flopped This …
Read Rest of Predictions Part 3 plus 2009 Lookback: Jim Rogers, 10 Lies, Flops, ETFs, PIMCO, Richard Russell, Geithner, Corso on Krugman

click here for  >>>       PART 1       PART 2

What are We? – Stupid? – by Bruce Krasting -   I was disappointed with the Christmas Eve ditties from Treasury and FHFA re: the Agencies. To be honest, I was appalled. The two releases contained significant information. The timing was obviously an attempt to slip in some bad news while everyone is drinking eggnog.  Of course that backfired. The blogs, and yes, the MSM disintegrated those that …
Read Rest of GSE Bailout – Part 3 – Bruce Krasting, Joe Weisenthal, Jody Shen, Tom Petruno, Gary Townsend, Tim Duy

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Read Rest of Bits Bucket For December 30, 2009

Prices on homes are lower than they have been for several years and yet people who have the money to purchase a home are finding that getting a home loan from a bank is almost impossible. If a person has any flaws on their credit history, they are automatically turned down for a home loan with the bank. Finding out the ways that a Keller Real Estate Broker provides home-buying solutions for locals opens doors to home-ownership that allow you to get your home easily.
Let’s face it, most banks are broke and they are going to find any excuse they …
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